Shiba Inu
Why Shiba Inu is down 3.7% in the last hour
Analysis
SHIB slipped 3.7% over the last hour amid negative tokenomics headlines, as U.Today reported that just $11 worth of SHIB was burned in 24 hours and the burn rate remained “in the red,” weakening the deflationary narrative that often supports sentiment. U.Today also flagged a broader “volatility spike in the wrong direction” for SHIB in its June 24 price analysis, aligning with the short-term downside move.
Contributing Factors (3)
Just $11 in SHIB Burned in 24 Hours as Shiba Inu Burn Rate Stays in Red
Shiba Inu burn rate was down across nearly all timeframes, with the market now paying attention.
Shiba Inu (SHIB), XRP, Bitcoin (BTC) and Hyperliquid (HYPE) Price Analysis For June 24: Volatility Spike in the Wrong Direction
Cryptocurrency market is truly on the edge where volatility is increasing, but not providing enough recovery ground.
Breaking: Zcash (ZEC), NEAR, SHIB, & DOGE Perps Trading Go Live on Kalshi
Kalshi prediction market has expanded its perpetual futures trading offering to include Zcash (ZEC) and Near Protocol (NEAR). The platform shows perpetual contracts for altcoins such as Dogecoin (DOGE...
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.